Friday, March 13th, 2015
U3 and U6 Unemployment Rate
U3 Unemployment – Percentage of the labor force that is unemployed.
U6 Unemployment – Unemployed + people given-up looking for a job + people working part-time who would prefer full-time job.
The spread between U3 and U6 unemployment is not narrowing fast enough – a potential red flag for the economy.
U3 = 5.5% in February 2015
U6 = 11% in February 2015.
Eric Morath writes about these two numbers in WSJ.
WSJ’s Suzanne Kapner has written an intriguing story about how mall rents are affected by the traffic that Apple stores drive to the mall. I learned that a typical mall retailer pays about 15% of sales in rent. Apple pays 2% of sales.